September 26th, 2022
National home sales were down only 1% month-over-month in August, marking the smallest dip we’ve seen this year since the February peak. Annually, sales are down 24.7%, less than the … [read more]
September 26th, 2022
With the official start of fall next week, we are already seeing some changes in real estate markets across the country. Following a record-breaking year in 2021, the 2022 housing … [read more]
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September 23rd, 2022
Comments Off on Burnaby Metrotown Area Condo/Apartment Resale Average Price/Per Sqft August 2022
September 23rd, 2022
Comments Off on Coquitlam New Horizons Area Condo/Apartment Resale Average Price/Per Sqft August 2022
September 23rd, 2022
Comments Off on Coquitlam New Horizons & Hockaday Area Detached-Home Resale Average Price/Per Sqft August 2022
September 23rd, 2022
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September 22nd, 2022
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September 22nd, 2022
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September 22nd, 2022
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September 22nd, 2022
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September 21st, 2022
Yesterday brought the latest numbers on Canada’s housing market, confirming that the pandemic boom is over. Home sales dropped 5.3% in July, the fifth month in a row of declines. … [read more]
Comments Off on RBC : Canada Housing Market Hasn’t Seen Bottom Yet, Prices Dropping 12% Nation-Wide
September 21st, 2022
Activity in the Lower Mainland’s commercial real estate market edged down in the second quarter (Q2) of 2022 from the brisker pace experienced at the start of the year. There … [read more]
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September 20th, 2022
Vancouver, BC – September 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
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September 20th, 2022
The average price of homes sold in Canada in August fell 3.9% from the same month last year to $637,673 according to new statistics released Thursday by the Canadian Real … [read more]
Comments Off on Canadian Average Home Price Down 3.9% Y/Y, Home Sales Edged Down Just 1% M/M
September 19th, 2022
Canadian real estate inventory may reach a crisis point, according to a new report released this week. The RE/MAX Canada Housing Inventory Report analyzed active listings in eight major Canadian … [read more]
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September 19th, 2022
A shortage of new condominiums and townhouses is looming in Metro Vancouver as soaring costs of new construction have chopped presales at new project launches and put several planned developments … [read more]
Comments Off on New Home Starts Fall 41% as Land Prices & Input Costs Threaten to Push Prices Out of Reach
September 19th, 2022
BC home sales are forecast to continue to slump, as high mortgage rates put pressure on the housing market through to next year, according to the BC Real Estate Association. … [read more]
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September 14th, 2022
Vancouver, BC – September 8, 2022. The British Columbia Real Estate Association (BCREA) released its 2022 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in BC … [read more]
Comments Off on Higher Mortgage Rates will Slow Housing Activity in BC Through 2023
September 13th, 2022
The Bank of Canada (BoC) announced its fifth interest rate increase of the year, raising rates by another 75 basis points. This follows its July announcement where the Bank announced … [read more]
Comments Off on Bank of Canada 5th but Not Final Interest Rate Increase for 2022 & The Impact on Housing Market
September 13th, 2022
August was one of the warmest Metro Vancouver summers on record but one of the coolest for the housing market, as sales in the month fell 29.2% below the 10-year … [read more]
Comments Off on Metro Vancouver Home Sales Dropped 40.7% Y/Y, Home Price Fell 2.2% M/M as Listings Decline
September 12th, 2022
It may have been a hot summer but Metro Vancouver’s real estate market is showing signs of cooling down. The Real Estate Board of Greater Vancouver said last month’s home … [read more]
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September 12th, 2022
A year-over-year increase in active listings and relatively steady sales activity brought a degree of balance to the Fraser Valley housing market in August, with benchmark home prices up from … [read more]
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Comments Off on National Housing Markets Hold Steady : Inventory is Improving for Buyers, Prices Decline for Sellers